TPAO says many unexplored fields existed in South East Turkey

Head of Turkish Petroleum Corporation Mehmet Uysal urged Turkish entrepreneurs to invest in oil exploration in this region.

TPAO says many unexplored fields existed in South East Turkey

Head of Turkish Petroleum Corporation Mehmet Uysal said many unexplored fields existed in South East Turkey, urging Turkish entrepreneurs to invest in oil exploration in this region.

Uysal who addressed the 2010 Turkey Energy Summit in Ankara, said TPAO made important discoveries in Southeast Turkey in the last three years.

Uysal said that despite the high risk involved, if made with the equity capital, an exploration that ends with discovery could be very lucrative.

"In this respect, we would like to see Turkish entrepreneurs in exploration projects, and we would be more than happy to help them," said Uysal.

Uysal who briefed the participants, on the oil exploration works of TPAO abroad said technical difficulties in the Pars oil field (Iran) has been over come, but political problems continued.

He said TPAO was about to forge a deal with an oil company about a giant oil field in Iraq.

He also said that TPAO discovered oil in four different fields in Libya.


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Last Mod: 28 Nisan 2010, 15:30
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